Sammy, Age 31, Is Unmarried and Is Not an Active

question 101

Multiple Choice

Sammy, age 31, is unmarried and is not an active participant in a qualified retirement plan. His modified AGI is $55,000 in 2017. The maximum amount that Sammy can deduct for a contribution to a traditional IRA is:

• A)$2,800.
• B)$3,500.
• C)$5,000.
• D)$5,500.
• E)None of the above.

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Definitions:

Constructive Criticism

Feedback provided in a way that acknowledges both strengths and areas for improvement, intended to help the recipient grow.

Nonverbal Cues

Forms of communication without the use of spoken language, including gestures, facial expressions, body language, and tone of voice, that can convey messages or emotions.

Feedback

Information provided about reactions to a product, a person's performance of a task, etc., used as a basis for improvement.

Effectively Overcome

To successfully deal with or surmount a challenge, obstacle, or difficulty through efficient and strategic means.